KamAZ previously had 49%
Interfax claims that KamAZ has consolidated 100% of the Russian joint-venture (JV), with ZF Friedrichshafen AG – TsF Kama LLC.
ZF owned a 51% share in the joint venture in Naberezhnye Chelny established in 2005. KamAZ owned 49%. The Russian automaker consolidated 100% shares on November 9. KamAZ has not yet disclosed the terms of the deal.
ZF Kama LLC’s website states that it produces manual transmissions Ecomid (9S1310 to) and Ecosplit (16S1820 to), which can be used in power units with power ranging from 160 to 500 hp.
In 2021, the Industrial Development Fund provided a preferential loan in the amount 500 million rubles to the joint enterprise for the localization 12 speed automated transmissions of Traxon series. These were used for various vehicles carrying 44 to 80 tons. ZF Kama LLC saw its revenue rise by 21% to 7.2 billion rubles and net profit fall by 13% to 395million rubles.
KamAZ is Russia’s largest truck manufacturer with a gross weight of between 14 and 40 tons. The company was placed under sanctions by the EU, Great Britain, and the United States after the military operation.